Walmart (NYSE:WMT) reported fiscal fourth-quarter results Thursday that proved the world’s largest retailer is no longer just a discount haven, but a high-tech ecosystem capable of capturing the "time-poor, cash-rich" demographic.
The company posted total revenue of $190.66 billion for the quarter ended January 31, 2026, a 5.6% increase that comfortably cleared the $190 billion hurdle analysts had set.
Adjusted earnings per share hit $0.74, beating the Zacks consensus of $0.73.
The results highlight a landmark year where Walmart’s annual revenue reached a staggering $713.2 billion.
The "flywheel" effect—where low-margin grocery sales drive high-margin services—was on full display.
Global eCommerce sales surged 24%, now accounting for nearly 23% of total net sales.
This digital shift is being fueled by a record 28.4 million Walmart+ members and the rapid scaling of Walmart Connect, the company’s advertising arm, which grew at six times the rate of traditional retail sales this year.
Accompanying the earnings beat, Walmart’s Board of Directors approved a 5% increase in the annual dividend to $0.99 per share for fiscal 2027, marking the 53rd consecutive year of increases.